Landmark Explores Sale Of Weather Channel

Reuters   |  Paul Thomasch   |   January 3, 2008 02:20 PM

Read More: Ge, JP Morgan, Landmark, Landmark Communications, Lehman Brothers, NBC Universal, Weather Channel, Breaking Business News
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Media company Landmark Communications said on Thursday it was exploring the sale of its publishing and television businesses including cable network The Weather Channel.

Privately-held Landmark wants more than $5 billion for The Weather Channel and its Web site, according to a New York Times report, which named General Electric Co's (GE.N) NBC Universal, News Corp (NWSa.N) and Comcast Corp (CMCSA.O) as possible bidders.

Landmark said it had not held talks with any potential buyers, but confirmed it had hired JPMorgan and Lehman Brothers to look at its alternatives.

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